Abrigo

JANUARY 29, 2020

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. FDIC) issued an advisory to financial institutions encouraging exceptionally safe and sound lending practices in agricultural lending. On January 28, the Federal Deposit Insurance Corp.

Lending 195

Lending How To FDIC Survey 195

Abrigo

NOVEMBER 29, 2021

Commonly judged by those outside of the financial industry to be excessively punitive and even predatory, institutions have long been accused of punishing low-income customers, especially during the recent pandemic. At noncommunity banks, share of net operating revenue from noninterest income fell to 34% from 39% in the same timeframe.

Community Bank 195

Community Bank Community FDIC Trends 195

South State Correspondent

MARCH 15, 2023

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.

social media 195

social media FDIC Branding Management 195

Abrigo

MARCH 2, 2023

Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages. But as Southwest’s scheduling system crisis over the holidays showed banking and all other industries, technology shortcomings create enormous costs in the short-term and in the future.

Technology 195

Technology Lending Community Software 195

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Weekly episodes highlight innovators and industry players driving innovation in the financial services industry.

Community 195

Community Lending Maine Resources 195

Cisco

JULY 12, 2022

Regulatory requirements are a key operational concern that we hear about from our financial customers. a few agencies include the Federal Reserve (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller (OCC), and the Consumer Financial Protection Bureau (CFPB).

Regulation 71

Regulation FDIC System Software 71

Abrigo

SEPTEMBER 14, 2022

Takeaway 3 Financial institutions should consider the impact of this rule and prepare for changes to their business operations. Online lenders, platform lenders, and fintechs should also consider sending feedback to the CFPB and considering the ways their operations might be affected. Proposed Rule. Commenters have until Nov.

Lending 195

Lending Data Regulation Community 195

Abrigo

JULY 20, 2021

Here are five reasons, according to industry experts. During Abrigo’s recent ThinkBIG Conference, credit underwriting and loan portfolio risk management trainer and consultant Michael Wear , CRC , of 39 Acres Corp. Why SBA Lending? Major motivations to boost SBA loan origination. We know 2020 stunk,” he said. “As

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JULY 20, 2021

Here are five reasons, according to industry experts. During Abrigo’s recent ThinkBIG Conference, credit underwriting and loan portfolio risk management trainer and consultant Michael Wear , CRC , of 39 Acres Corp. Why SBA Lending? Major motivations for expanding SBA loan efforts. We know 2020 stunk,” he said. “As

Lending 195

Lending FDIC Capital Risk Management 195

CFPB Monitor

NOVEMBER 24, 2020

The OCC notes that, in the case of energy industries, the terminated services were not limited to lending “where risk factors might justify not serving a particular client,” but also included advisory and other services unconnected to credit or operational risk.

Operations 78

Operations Industry Analysis Policies 78

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities.

Community Bank 70

Community Bank Compliance Risk Management Community 70

Abrigo

DECEMBER 19, 2019

Throughout the decade, one of the biggest changes occurring within the banking industry has been the consolidation of financial institutions. In 2008, there were 7,061 FDIC-insured commercial banks in the U.S. Lending & Credit Risk. Portfolio Risk & CECL. Cyber Complications for Vendor Risk Management.

Lending 195

Lending Fraud Community FDIC 195

Independent Banker

SEPTEMBER 25, 2014

Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. Nonetheless, the regulatory agencies and industry consultants do offer several insights on how community banks can better prepare for their next round of regulatory examinations.

Compliance 101

Compliance Regulation Community Bank Community 101

Jeff For Banks

OCTOBER 29, 2016

I recently spoke at a Financial Managers' Society (FMS) breakfast meeting on this subject and thought I would share my comments with you. In 2006, when the median asset size within my firm's profitability outsourcing service was $696 million, the operating cost per business checking account was $586 per year.

Training 60

Training FDIC Community Resources 60

PYMNTS

JULY 16, 2018

Citizens access will offer consumers FDIC-insured online savings and CD accounts with attractive rates and no fees to customers across the United States. The industry is seeing a renewed interest in CDs as consumers turn their attention to digital-savings’ products,” Rosenfeld said. So what did we learn this week?

Cards 100

Cards Data Digital Banking Retail 100

Jack Henry

APRIL 30, 2014

One such attack by the group Unlimited Operations was able to net over $40 million. Participate in industry information sharing forums. Distributed Denial-of-Service (DDoS) Cyber-Attacks and Risk Mitigation. The FDIC provides a listing of resources that can be used to better identify and mitigate potential cyber-risks.

Fraud 88

Fraud Cyber Security ATM FDIC 88

CFPB Monitor

AUGUST 8, 2019

The letter was conditioned on Upstart’s agreement to a model risk management and compliance plan that required it to analyze and address risks to consumers, and assess the real-world impact of alternative data and machine learning. Both task forces held their first meetings in June. Click here to listen to the podcast.

Data 60

Data Lending Compliance Policies 60

Independent Banker

JUNE 30, 2022

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. Rowland with Greg Bynum, president and chief operating officer.

Community Bank 172

Community Bank Community National Philadelphia 172

Independent Banker

NOVEMBER 25, 2015

Unlike highly regulated, FDIC-insured banks, which are subject to strict, expensive security standards designed to protect consumers’ sensitive information, FinTech companies are barely regulated and seldom examined. Consider the 80 million millennials who would rather manage their finances with a smartphone app than visit a bank branch.

Community Bank 70

Community Bank Community Analytics Lending 70

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. We will vigorously investigate wrongful conduct in this industry.”.

Lending 135

Lending Fraud Management San Francisco 135

Independent Banker

DECEMBER 13, 2015

The second part measures cybersecurity maturity levels within five domains: cyber risk management and oversight; threat intelligence and collaboration; cybersecurity controls; external dependency management; and cyber incident management and resilience. Understand your bank’s IT network and its operations,” says Hamilton.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

The second part measures cybersecurity maturity levels within five domains: cyber risk management and oversight; threat intelligence and collaboration; cybersecurity controls; external dependency management; and cyber incident management and resilience. Understand your bank’s IT network and its operations,” says Hamilton.

Tools 70

Tools Community Community Bank Security 70